Author: Charlotte

JPMorgan, Citi, Bank of America, and Wells Fargo are teaming up to build a shared tokenized deposit network, according to the Wall Street Journal. The project aims to launch around 2027 and will run through The Clearing House, which is jointly owned by many of the same large banks. The network will turn regular bank deposits into digital tokens that move on blockchain rails. Therefore, banks hope to offer fast, 24/7 transfers that feel similar to stablecoins while keeping money inside the regulated banking system. 🚨 JUST IN: JPMorgan, Citi, Bank of America and Wells Fargo are building a shared…

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Mattias Grafström, FIFA’s Secretary General, says: “AI-enabled 3D avatars mark a major step forward in how officiating technology supports accuracy and transparency. By combining precise player data with advanced visualisation, this innovation strengthens confidence in key decisions and brings fans closer to the process than ever before.” New perspectives for global audiences Broadcast innovation is another area of focus. Following earlier trials, referee body cameras are set to return at the 2026 tournament, enhanced by Lenovo’s AI-driven stabilisation technology. The system delivers a clearer, more consistent feed from the referee’s perspective, adding a new layer to live coverage. This viewpoint…

The Ontario government is more than doubling the maximum fine for ticket scalping ahead of the FIFA World Cup. Starting next Wednesday, Ontario is raising the maximum penalty for repeat offenders from $10,000 to $25,000, just days before the FIFA World Cup is set to begin in Toronto. The government says these new and enhanced enforcement tools will protect consumers from exploitative resellers and help more Ontarians attend live events. “If one game is more important than the other and they put up the prices, that’s the market. But if they have a ticket face value and they’re selling it…

At a meeting of the headquarters on ensuring economic growth chaired by Deputy Prime Minister – Minister of National Economy Serik Zhumangarin, preliminary results of economic growth in key sectors for nine months were reviewed. Agriculture For 8 months of 2025, gross output increased by 3.4% and amounted to about 3.6 trillion tenge. The forecast for 9 months is +2.3%. Growth was ensured by animal husbandry (+3.2%, 2.26 trillion tenge) and crop production (+4%, 1.25 trillion tenge). Another round of growth is expected in October due to the gross harvest of grains, oilseeds, and other crops. Processing and Food Industry…

Twenty years ago, Congress transformed retirement investing by establishing a fiduciary safe harbor for qualified default investment alternatives. Now industry experts say the future belongs to personalized solutions and, potentially, new innovations.At the “QDIA Evolution” session at the 2026 PLANSPONSOR National Conference in Nashville, Tennessee, organized by PLANADVISER’s sister publication this week, panelists from Vanguard, Capital Group and Strategic Retirement Partners agreed that the future of default investing will likely be more personalized. The speakers cautioned plan sponsors to resist change for its own sake and to remain focused on the participant outcomes they want their plans to achieve.The discussion…

Georgian police seize cryptocurrency machines Georgia‘s Interior Ministry has seized 148 devices used for cryptocurrency mining during an investigation in the Mestia municipality. According to the ministry, the case concerns the illegal consumption of electricity and violations of energy usage regulations. The ministry said the investigation was launched after authorities identified the use of specialised cryptocurrency mining equipment in various parts of the Mestia municipality. According to investigators, local residents were illegally consuming large amounts of electricity and using the devices to systematically mine cryptocurrency, generating unlawful income in the process. The investigation is being conducted under Article 229 of…

To our readers: this article concludes our series marking the 10th anniversary of the Raif. An analysis of the audit of this investment vehicle.“The product has integrated very well into the Luxembourg toolbox,” says Anthony Bianco, partner in charge of the Internal Audit & Regulatory and Asset Management & Alternatives segments at PwC Luxembourg. “It has become something that has been fully embraced by the market.” Laurent Butticè, audit partner and management company leader at PwC Luxembourg, goes even further: “It has become a standard feature.”The Reserved Alternative Investment Fund (Raif) is no longer really seen as a novelty in…

Nearly all economic data released Wednesday missed expectations, either above or below, underscoring how difficult it has become for markets to assess the real-time impact of tariffs. The trade deficit widened because of falling exports. First-quarter gross domestic product was revised down to a  decline 0.5% from a 0.2% decline because of consumption. Durable goods spending, a proxy for private business investment, was solid. Initial jobless claims fell yet continuing claims rose again. Much of the volatility most likely stems from the rapid shifts in trade policy during May. After a weak April, marked by a pullback in spending and…

New rules from index providers will accelerate SpaceX’s inclusion in sharemarket indexes as fund manager says the offer ‘feels like 1987’. SpaceX is seeking to raise a record US$75b at IPO. © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. As share trading firms Sharesies and Syndex invite wholesale investors to register their interest in the gigantic SpaceX float, fund manager Harbour has warned freshly rewritten index rules could drive unprecedented activity from passive funds. Formally known as Space Exploration Technologies Corp, Want to read more? It’s easy. Choose…